Ronald Coase

The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism. The most obvious cost of 'organizing' production through the price mechanism is that of discovering what the relevant prices are.

At CARE, a leading humanitarian organization, we recognize people live their lives in a holistic manner. Issues such as health care, education and economic empowerment cannot be addressed in a vacuum. Thus, effective programs need to tackle the multiple root causes of poverty.

I've often made critical comments about settlement expansion in the occupied West Bank and in east Jerusalem, and my position hasn't changed. At the same time, it's equally important to me that the two sides, both Israel and the Palestinians, work towards a durable peace settlement: that's to say a viable two-state solution.